Agric. Econ. - Czech, 2014, 60(9):420-429 | DOI: 10.17221/79/2013-AGRICECON

Environmental accounting and the FADN as a basis of model for detecting the material flow cost accountingOriginal Paper

Jindřiška KOUŘILOVÁ1, Jaroslav SEDLÁČEK2
1 Faculty of Economics, University of South Bohemia, České Budějovice, Czech Republic
2 Faculty of Economics and Administration, Masaryk University, Brno, Czech Republic

The quality of the reported accounting data and the way these data are used are becoming more and more risky aspects of business management. Many instruments are already used to identify the creative accounting and the frauds and new ones are still being searched for. One of the suitable approaches is the use of the database Farm Accountancy Data Network (FAND) and environmental indicators. Monitoring of material balances and wastes in the form of environmental costs and also parts of the material balances can be a basis for the creation of the model for the detection of the material flow cost accounting. The model uses other balance areas as well: financial, energy-related and legislative. The paper presents a proposal of the model and its possible use for the discussion. The proposed model was applied to the real conditions of two real production companies with trading activities. Its strengths and weaknesses are evaluated.

Keywords: creative accounting, environmental costs, fraud in accounting, fraud detection models, material flow in cost accounting

Published: September 30, 2014  Show citation

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KOUŘILOVÁ J, SEDLÁČEK J. Environmental accounting and the FADN as a basis of model for detecting the material flow cost accounting. Agric. Econ. - Czech. 2014;60(9):420-429. doi: 10.17221/79/2013-AGRICECON.
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